3 Bed Terraced House, Refurb/BRRR, Bristol, BS48 2TR, £275,000

11 Sherston Close, Bristol, Avon, BS48 2TR - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
78 m²
+11 photos

ValuationUndervalued

Sold Prices£193K - £710K
Sold Prices/m²£1.4K/m² - £5.6K/m²

 

 

Square Metres

77.54 m²
Price/m²£3.5K/m²

Value Estimate

£297,500

 

 

End Value (After Refurb)

£331,307

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£31,377

Bridging Loan Interest

£7,219

Total Cash In

£121,795

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£331,307

Mortgage (After Refinance)

£248,480

Mortgage LTV

75%

Cash Released

£42,230

Cash Left In

£79,565

Equity

£82,827

Rent Range

£1,100 - £1,795

Rent Estimate

£1,389

Running Costs/mo

£1,333

Cashflow/mo

£56

Cashflow/yr

£670

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £193K to £710K, average is £350K. £1.4K/m² to £5.6K/m², average is £4.1K/m².

PriceDateDistanceAddressBeds 
£365K02/210.07 mi28, Huntley Grove, Nailsea, Bristol, North Somerset BS48 2UQ3
£350K09/210.07 mi68, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TN3
£365K10/220.09 mi64, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TN3
£455K07/230.1 mi35, Cherington Road, Nailsea, Bristol, North Somerset BS48 1SW3
£310K06/210.12 mi43, Trendlewood Way, Nailsea, Bristol, North Somerset BS48 2TH3
£326K08/210.12 mi53, Trendlewood Way, Nailsea, Bristol, North Somerset BS48 2TH3
£310K06/210.12 mi43, Trendlewood Way, Nailsea, Bristol, North Somerset BS48 2TH3
£304K06/230.12 mi35, Trendlewood Way, Nailsea, Bristol, North Somerset BS48 2TH3
£330K05/230.13 mi1, Cairn Close, Nailsea, Bristol, North Somerset BS48 2UT3
£345K01/210.13 mi16, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TJ3
£375K11/200.13 mi12, Helston Road, Nailsea, Bristol, North Somerset BS48 2UA3
£307.9K06/210.13 mi53, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TL3
£310K05/230.13 mi45, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TL3
£340K02/230.13 mi29, Tetbury Gardens, Nailsea, Bristol, North Somerset BS48 2TL3
£406K11/220.15 mi38, Turnbury Avenue, Nailsea, Bristol, North Somerset BS48 2UU3
£320K02/210.18 mi19, Bibury Close, Nailsea, Bristol, North Somerset BS48 2TQ3
£375K11/220.18 mi21, Bibury Close, Nailsea, Bristol, North Somerset BS48 2TQ3
£375K01/210.23 mi9, Fowey Close, Nailsea, Bristol, North Somerset BS48 2UR3
£326.5K06/210.24 mi3, Bell Pit Brow, Wraxall, Bristol, North Somerset BS48 1HS3
£358K01/210.25 mi17, Birdlip Close, Nailsea, Bristol, North Somerset BS48 4TG3
£292.5K03/210.25 mi10, Birdlip Close, Nailsea, Bristol, North Somerset BS48 4TG3
£325K10/200.3 mi19, Trendlewood Way, Nailsea, Bristol, Avon BS48 4TD3
£410K10/210.32 mi63, Station Road, Nailsea, Bristol, North Somerset BS48 2LL3
£570K11/200.33 mi2, Cooks Gardens, Wraxall, Bristol, North Somerset BS48 1HD3
£471K04/210.36 mi3, Trendlewood Way, Nailsea, Bristol, North Somerset BS48 4TA3
£670K02/230.38 miWellside Wedge, Backwell Common, Backwell, Bristol, North Somerset BS48 3AE3
£440K02/230.38 mi11, Clark Close, Wraxall, Bristol, North Somerset BS48 1JL3
£370K11/200.38 mi12, Clark Close, Wraxall, Bristol, North Somerset BS48 1JL3
£495K02/210.39 mi37, Scotch Horn Way, Nailsea, Bristol, North Somerset BS48 1TE3
£385K03/210.43 mi21, The Hamlet, Nailsea, Bristol, North Somerset BS48 1BY3
£320K01/210.43 mi18, The Hamlet, Nailsea, Bristol, North Somerset BS48 1BY3
£555K02/210.44 mi19, Ash Hayes Road, Nailsea, Bristol, North Somerset BS48 2LP3
£193K12/200.44 mi35, Ash Hayes Road, Nailsea, Bristol, North Somerset BS48 2LP3
£370K12/200.47 mi57, Vowles Close, Wraxall, Bristol, North Somerset BS48 1PP3
£450K09/220.49 mi31, Vowles Close, Wraxall, Bristol, North Somerset BS48 1PP3
£535K08/210.5 mi11, Cheddar Close, Nailsea, Bristol, North Somerset BS48 4YA3
£710K12/220.52 mi56a, High Street, Nailsea, Bristol, North Somerset BS48 1AU3
£362K06/210.54 mi52, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LH3
£290K08/210.54 mi6, Friendship Grove, Nailsea, Bristol, North Somerset BS48 1BP3
£425K02/230.56 mi47, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£335K03/210.56 mi40, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£350K06/210.56 mi38, Ash Hayes Drive, Nailsea, Bristol, North Somerset BS48 2LQ3
£260K09/210.57 mi31, Friendship Road, Nailsea, Bristol, North Somerset BS48 1AE3
£475K09/210.57 mi15, Shipham Close, Nailsea, Bristol, North Somerset BS48 4YB3
£321.5K11/210.57 mi9, Sunningdale Close, Nailsea, Bristol, North Somerset BS48 2UJ3
£333K12/220.58 mi32, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QY3
£330K12/220.59 mi41, Porlock Gardens, Nailsea, Bristol, North Somerset BS48 2QY3
£350K08/220.59 mi63, Southfield Road, Nailsea, Bristol, North Somerset BS48 1JD3
£348.5K02/230.59 mi17, Friendship Road, Nailsea, Bristol, North Somerset BS48 1AE3
£315K02/230.6 mi34, French Close, Nailsea, Bristol, North Somerset BS48 1HY3

Local Rents

20 rents from £1.1K/mo to £1.8K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,47512/240.33 miAvening Close, Nailsea, Bristol, BS483
£1,79505/240.45 mi-3
£1,30012/240.46 miWoodview Terrace, Nailsea, Bristol, BS48 1AT3
£1,60003/240.49 miGlassworks Mews, BS483
£1,29512/240.61 miFrench Close, Nailsea3
£1,30006/230.74 mi-3
£1,50007/230.78 mi-3
£1,35004/240.79 miMilton Close, Nailsea, North Somerset, BS483
£1,30012/240.8 miBlandford Close, Nailsea, North Somerset, BS483
£1,20004/240.81 miBlandford Close, Nailsea, Bristol, BS483
£1,15003/240.82 miEastway Square, Nailsea, North Somerset, BS483
£1,45007/230.87 mi-3
£1,60003/240.88 miGreenfield Crescent, Nailsea, Bristol3
£1,10004/240.93 miDorchester Close, Nailsea, Bristol3
£1,37509/230.94 mi-3
£1,65004/241.03 miBeechwood Road, Nailsea, North Somerset, BS483
£1,50003/241.03 miBeechwood Road, Nailsea, Bristol, Somerset, BS483
£1,35002/241.17 mi-3
£1,30012/241.18 miFosse Way, Nailsea, North Somerset, BS483
£1,60004/241.18 miMoodys Leigh, Backwell, Bristol3

Local Area Statistics

Population in BS48

23,191

Population in Bristol

795,432

Town centre distance

7.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.76 miles away

 

 

Rental growth (12m)

-3%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £275,000

January 23, 2025

Listed for £299,995

September 16, 2024

Sold for £49,000

1995

Floor Plans

Description

  • A 3 Bedroom staggered terrace house in a quiet cul-de-sac +
  • Situated in the highly desirable Trendlewood area of Nailsea +
  • Perfect first time buyer home - Ideal for those looking to move swiftly +
  • Generous sized rear garden +
  • Garage and long driveway +
  • Separate Lounge - Kitchen/Dining Room - White Bathroom +
  • UPVC double glazed & gas central heated +
  • EPC rating - C Council Tax Band - C Tenure - Freehold +

NO ONWARD CHAIN. A 3 Bedroom staggered terrace family home, which enjoys a favoured Cul de Sac location on the sought after East side of town, with great access to the main line train station, schools, glorious parkland, wooded areas and local nature reserves. This spacious home is in need of some updating throughout but would make an ideal first time buyer home and is perfect for those looking to move swiftly. In brief the layout comprises: Entrance Hall, Lounge and Kitchen/Dining Room. Upstairs are 3 Bedrooms and a Family Bathroom whilst externally there are nice sized gardens to the front and rear along with a garage and generous driveway located very close to the property. EPC rating - C.

Entrance Hall - Entered via a UPVC double glazed door. Stairs ascending to the first floor accommodation. Radiator. Doors to the Lounge.

Lounge - 4.34m'' x 3.78m'' (14'3'' x 12'5'') - A light room benefitting from a UPVC double glazed window to the front. Radiator, TV point, ceiling coving and useful understairs storage cupboard. Door to the Kitchen/Dining Room.

Kitchen/Dining Room - 4.80m'' x 2.64m'' (15'9'' x 8'8'') - An open plan Kitchen/Dining Room fitted with a range of modern wall and base units with roll edge worksurfaces and tiling to splashback. One and a half stainless steel sink with drainer and mixer tap. Fitted electric oven with electric hob. Space for an upright fridge/freezer and washing machine. Radiator, smoke alarm and space for a table. Wall mounted boiler. UPVC double glazed windows and French doors to the rear overlooking the garden.

First Floor Landing - Airing cupboard. Access to the loft. Doors to all Bedrooms and Bathroom.

Bedroom 1 - 3.53m'' x 2.79m'' (11'7'' x 9'2'') - UPVC double glazed window to the rear. Radiator.

Bedroom 2 - 3.51m'' x 2.79m'' (11'6'' x 9'2'') - UPVC double glazed window to the front. Radiator.

Bedroom 3 - 2.36m'' x 2.29m'' (7'9'' x 7'6'') - UPVC double glazed window to the front. Radiator.

Bathroom - 1.98m'' x 1.63m'' (6'6'' x 5'4'') - Fitted with a modern white suite comprising: Panelled bath with electric shower over. Low level wc and pedestal wash hand basin. Radiator, extractor fan and UPVC double glazed window to the rear.

Rear Garden - Fully enclosed by timber panel fencing, the rear garden consists of a paved patio area immediately off the property and a second one at the rear, in-between the main area which is laid to lawn which a variety of mature shrubs. Rear gate.

Front Garden - Laid to lawn with a paved pathway to the front door.

Garage & Driveway - Accessed via an up and over door. Driveway in front of the garage for 2 cars.

Agent Details

Gino's Estate Agents, Nailsea

01275 402780

Next Steps?

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